secwatch.observer — SEC 8-K summary
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Issuer:     Zalatoris II Acquisition Corp (—)
CIK:        0001853397
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001104659-23-084790
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.03, 5.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPAC Acquisition Corp renamed to Zalatoris II, extends deadline, sponsor handover, redeems ~$161M
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- Shareholders approved extension of business combination deadline from Aug 3, 2023 to up to Aug 3, 2024 (12 monthly extensions).
- Company renamed to Zalatoris II Acquisition Corp; trading symbols change to ZLS, ZLSWU, ZLSWW on July 31.
- New sponsor J. Streicher Holdings purchased 4,400,283 Class B shares and 4,261,485 warrants for $250,000 plus $25,000 legal fees.
- Redeemed 15,446,457 Class A shares for ~$160.7M at ~$10.41/share, leaving ~$67.8M in trust and 6.5M shares outstanding.
- All directors/officers removed; new board appointed: Paul Davis (CEO, Chairman), Llewelyn Farquarhson (CFO), plus three others.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853397/000110465923084790/0001104659-23-084790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853397/000110465923084790/tm2321971d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-084790

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